P H Glatfelter Co (GLT) Expected to Announce Earnings of $0.37 Per Share
Brokerages expect P H Glatfelter Co (NYSE:GLT) to report $0.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for P H Glatfelter’s earnings, with estimates ranging from $0.34 to $0.39. P H Glatfelter also reported earnings per share of $0.37 during the same quarter last year. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, May 2nd.
According to Zacks, analysts expect that P H Glatfelter will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.40 to $1.49. For the next year, analysts expect that the firm will post earnings of $1.71 per share, with EPS estimates ranging from $1.68 to $1.73. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow P H Glatfelter.
P H Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, February 7th. The basic materials company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.02. P H Glatfelter had a return on equity of 8.85% and a net margin of 1.34%. The company earned $390.90 million during the quarter, compared to the consensus estimate of $398.62 million. During the same period in the previous year, the business earned $0.52 earnings per share. P H Glatfelter’s revenue was down 5.3% on a year-over-year basis.
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Several research analysts have commented on GLT shares. Zacks Investment Research raised shares of P H Glatfelter from a “strong sell” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, January 17th. TheStreet downgraded shares of P H Glatfelter from a “b-” rating to a “c” rating in a report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. P H Glatfelter presently has an average rating of “Hold” and a consensus price target of $25.00.
Several hedge funds and other institutional investors have recently made changes to their positions in GLT. Alpha Windward LLC increased its position in shares of P H Glatfelter by 0.6% in the first quarter. Alpha Windward LLC now owns 20,520 shares of the basic materials company’s stock worth $446,000 after buying an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of P H Glatfelter by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,280 shares of the basic materials company’s stock worth $374,000 after buying an additional 160 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of P H Glatfelter by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the basic materials company’s stock worth $385,000 after buying an additional 200 shares during the last quarter. BlackRock Inc. increased its position in shares of P H Glatfelter by 4.1% in the third quarter. BlackRock Inc. now owns 12,767 shares of the basic materials company’s stock worth $278,000 after buying an additional 508 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its position in shares of P H Glatfelter by 1.7% in the third quarter. Anchor Capital Advisors LLC now owns 30,216 shares of the basic materials company’s stock worth $655,000 after buying an additional 513 shares during the last quarter. 88.10% of the stock is owned by hedge funds and other institutional investors.
P H Glatfelter (NYSE:GLT) opened at 20.39 on Thursday. P H Glatfelter has a 12-month low of $17.50 and a 12-month high of $25.59. The stock has a 50 day moving average price of $21.30 and a 200-day moving average price of $22.44. The company has a market capitalization of $888.15 million, a price-to-earnings ratio of 41.61 and a beta of 1.33.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Monday, April 3rd will be issued a $0.13 dividend. This is an increase from P H Glatfelter’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.55%. P H Glatfelter’s dividend payout ratio (DPR) is presently 104.17%.
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P H Glatfelter Company Profile
P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.
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